Lionhead Studios closed Fable Legends cancelled

Lionhead Studios, famed developer of the Fable series, has been shut down, with Fable Legends also ceasing development.
In a blog post, Microsoft Studios Europe general manager Hanno Lemke confirmed the closure, as well as the shuttering of Max: The Curse of Brotherhood developer Press Play Studios.
“Today, I have some difficult changes to announce that affect some of our Microsoft Studios teams and projects in the UK and Denmark.
After much consideration we have decided to cease development on Fable Legends, and are in discussions with employees about the proposed closure of Lionhead Studios in the UK. Additionally, we will close Press Play Studios in Denmark, and sunset development on Project Knoxville.”
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Lemke closes the post by saying the company will help the employees affected in their efforts to find new work.
“We have nothing but heart-felt thanks for the members of Lionhead and Press Play for their contributions to Xbox and gaming. We are committed to working closely with those affected by today’s news to find them new opportunities at Xbox, or partnering with the broader development community to help place them in jobs elsewhere in the games industry should they desire.”